Thursday, July 17, 2008

Short Sale Rule Could Spur More CDS Shorts New rules on naked short sales may push more use of Credit Default Swaps. Hedge Funds and others use CDS in place or in addition to using equity shorts. Move could also move more transactions offshore: derivatives can be put on to fly under radar. SEC emergency order to curb improper shorts in financials effective Mon.7/21-should exclude Market Makers acc. to WSJ.

Wednesday, July 16, 2008

Subpoenas also sent to more than 50 hedge funds, “a new front in the broadest U.S. investigation of Wall Street trading since state and federal regulators targeted mutual-fund abuses in 2003.” Links to WSJ (Subscription Req'd) and Bloomberg

Stuart Rosenthal Vice President, Compliance joined Legend following a successful career in compliance. Stuart has developed a vast database of contacts in the compliance business over 20 years. He has successfully leveraged his network over this last year and as a result, is building a reputation as a top industry talent. Stuart has introduced Legend to numerous and creative marketing techniques including Legend's blog which provides current news, all in one place, about the world of compliance and which is updated routinely. Stuart is ready and willing to help and is a pleasure to work with.

Tuesday, July 1, 2008

Article on JobsintheMoney.com Little Compliance Hiring in Chicago Summary: While compliance jobs abound in NY, San Fran and other parts of U.S., in Chicago the market remains sluggish. "Some (financial) firms are adding on the compliance side, but things are moving slower in Chicago," says Stuart Rosenthal of Legend Global Search, a New York-based recruiting firm which specializes in compliance and legal placement. Rosenthal, who does considerable business in Chicago, adds, "A lot of searches are getting put on hold."